Be careful what you wish for…

Two recent news items caught my eye. The first was a Journal of Commerce piece quoting The Drewry Air Freight Price Index for April. Drewry, a UK-based shipping consultancy, tracks ex-Shanghai air freight rates, and their index showed an 18.4% month-over-month jump from March to April. Rates are still not quite as high as they […]

Potential issue for operators of CF6-50 powered freighters

We included this in last night’s issue of Cargo Facts Update (and yes, if you don’t already subscribe, you should) but I think it deserves wider notice, and I’d like to hear your comments on it, so I’ll put it up here. In a move that has potential to impact the worldwide freighter fleet, the […]

Changes in the freighter aircraft market

As evidence of the recovery in air freight demand becomes widespread, attention is shifting from survival to the future market for freighter aircraft. The just-released fifth edition of Air Cargo Management Group’s 20-Year Freighter Aircraft Forcast sheds light on where that market is headed. ACMG (Cargo Facts’ parent company) points out that the number of […]

A new freighter for Southern Air

Just after we sent out this week’s issue of Cargo Facts Update last night, we learned from US-based ACMI operator Southern Air that they have purchased another 747-200F. The freighter is an ex-Air Atlanta Icelandic unit (23476), which Southern bought from Wasps Aircraft Leasing. Southern also recently acquired two 777Fs (which it is operating for […]

What is happening at Air France-KLM Cargo?

AF-KL’s cargo operations took a big hit in the recession — no news there, because everybody’s cargo operation took a big hit. But beginning last September, and continuing right through today, a sharp resurgence in demand has most carriers reporting y-o-y monthly gains of 25% to 45%. But not Air France. What is going on? […]

Oil prices down 20% in two weeks

The price of oil has dropped 20% in two weeks, reaching a low today of $69.27 per barrel, down from an 18-month high of over $87 just a few weeks ago. This should bring relief to carriers with a focus on cargo, who, for the moment at least, can stop worrying about a return to […]

Breaking news: FedEx orders six more 777 Freighters

FedEx filed an 8-K report with the Securities and Exchange Commission yesterday in which it said it had: entered into an agreement with Boeing to increase its order for 777 Freighters by an additional four units, and entered into a letter of intent (LOI) to acquire two 777Fs from another party Assuming the LOI is […]
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